REI Lense

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$3,271 (target)

1476 NE 40TH Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 2700 sqft

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This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $147k initial cash invested.

-11.47%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$3,271

Rent

-$1,406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,271 income − $4,677 expenses = $1,406 out of pocket

Income$3,271Out of Pocket$1,406Mortgage P&I$3,504107%Property Taxes$602%Insurance$2628%Management$32710%CapEx$1645%Vacancy$1966%Maintenance$1645%

Investment Breakdown

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Purchase Price

$701k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$7,005

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,271

Total Expenses

$4,677

Mortgage P&I

107%

$3,504

Property Taxes

2%

$60

Home Insurance

8%

$262

HOA

0%

$0

Property Management

10%

$327

CapEx

5%

$164

Vacancy

6%

$196

Maintenance

5%

$164

Other

0%

$0

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